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The Hodgepodge Trading System

  • #761
  • Oct 8, 2017 2:42pm Oct 8, 2017 2:42pm
Quoting JoePro
What's up guys, this entry signal seems to be good if you use the right risk management tools. I ll post some results when I am finish putting together a strategy with this entry signal but managing the trades a certain way to bounce back better from the ranging markets. So far it's looking really good, low draw down and steady growth. I always recommend everyone trade on the daily chart for trend so this is a very good approach.
Hi JoePro, You make me very curious about your method. It almost sounds to me like you want to use this program purely for order entries and then swap to another order management tool (possibly some kind of ME/ME) to maximise your chance to come out with profit. Am I right?
Cheers.
  • #762
  • Oct 14, 2017 4:01am Oct 14, 2017 4:01am
is there any mt4 coder here ready to work for free plz pm me , for the ea coding of a system as shown in my explorer

thanks
  • #763
  • Oct 17, 2017 8:53am Oct 17, 2017 8:53am
Hey guys/girls.

Wanted to bring a bit of a value to the system. I've been researching in the last weeks for a strategy that can meet the following requirements:

- trade on the 4-hour chart
- work well in trend training and avoid as many falls signals as possible
- have a good risk/reward money management
- use as few indicators as possible in order to focus on price action

I found this thread and combined the following indicators:

- MTF MA Multi Pair Dashboard
- xSuperTrend Candles (I feel that the heikein ashi are too slow for my taste)
- a moving average of 200 to help determine trend
- the 5 moving average which I use as stated in the thread

Below are this week's trades. As you can see, there were 7 trades on gold that had a positive outcome with approx. 100 pips and 2 with a loss of 50.

I always enter a trade when the previous candle is red (short) and has closed below the 5 MA. Can you help in improving the system?
Attached Image (click to enlarge)
Click to Enlarge Name: gold-trend.png Size: 784 KB
  • #764
  • Oct 17, 2017 10:24am Oct 17, 2017 10:24am
Here is one of my accounts containing trades with this strategy -> https://www.myfxbook.com/portfolio/stefan/2255220

I'm still testing it. Your help would be appreciated.

Added another example of the strategy from my previous for GBP/USD. Approx. 300 pips in the selected time period.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-usd.png Size: 553 KB
  • #765
  • Jan 2, 2018 5:48am Jan 2, 2018 5:48am
Hello Krismitt,

together with the new year the EA says "Trail Period Expired" - on my Demo Account :-)

It works best since "No Exit" :-)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 25 KB
Click to Enlarge Name: Screenshot3.png Size: 47 KB
  • #766
  • Jan 2, 2018 7:19am Jan 2, 2018 7:19am
Source Code for all.

Attached File(s)
File Type: mq4 The Hodgepodge V3.1.1.mq4   43 KB | 721 downloads


Regards.
  • #767
  • Jan 2, 2018 4:06pm Jan 2, 2018 4:06pm
Quoting krismitt
Source Code for all. {file} Regards.
any new versions ?
i still use this but manually, would be nice if it could just take trades and let me manage them
  • #768
  • Jan 2, 2018 6:10pm Jan 2, 2018 6:10pm
Hi Shay14:

Seasons Greetings.

Yes, I have done a lot of development, including a Basket Version. However, I was not impressed overall with the performance of the system so didn't bother to upload it. Perhaps is was loaded with to many "bells and whistles" for its own good .

The Basket version would do you well; as it provides a nice Dashboard to manage all pairs/trades on a single chart.

This is what the Dash looks like.
Attached Image (click to enlarge)
Click to Enlarge Name: The_Hodgepodge_4.3.png Size: 87 KB


Made a request earlier in this thread for Traders to assist me in testing the system but the response was more disappointing than I could have imagined, hence my diminishing interest in supporting the thread...

Settings:
Attached Image (click to enlarge)
Click to Enlarge Name: Hodgepodge_Basket_Settings_1_of_2.png Size: 58 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Hodgepodge_Basket_Settings_2_of_2.png Size: 57 KB


Regards.
  • #769
  • Jan 2, 2018 6:18pm Jan 2, 2018 6:18pm
Quoting Mucky
Hello Krismitt, together with the new year the EA says "Trail Period Expired" - on my Demo Account :-) It works best since "No Exit" :-) {image} {image}
Nice work there Mucky.

Well done.

Cheers.
  • #770
  • Jan 2, 2018 6:24pm Jan 2, 2018 6:24pm
All:

I would like to review The Hodgepodge:

If you have traded they system on a Demo Account I would like to see a full Statement from your Account. Please PM me if you have this information.

Note: If you have traded live and wish to discuss your experience, not necessarily your results, please feel free to PM me as well.

Best to you for 2018.

Regards.
  • #771
  • Jan 2, 2018 6:45pm Jan 2, 2018 6:45pm
nice going Mucky..can i ask what timeframe for your charts?

thanks, blam

Quoting Mucky
Hello Krismitt, together with the new year the EA says "Trail Period Expired" - on my Demo Account :-) It works best since "No Exit" :-) {image} {image}
  • #772
  • Jan 2, 2018 7:08pm Jan 2, 2018 7:08pm
Quoting Mucky
Hello Krismitt, together with the new year the EA says "Trail Period Expired" - on my Demo Account :-) It works best since "No Exit" :-) {image} {image}
Just one question Mucky:

I see from your settings that you have gone the "no exit" route.

However, the intent was that with this option, the Stop Loss would protect and manage the risk in the event that the trade went against you.

You have disabled the Stop Loss.

How do you get out of a bad trade that turns negative before break-even is achieved?

Cheers.
  • #773
  • Jan 3, 2018 6:04am Jan 3, 2018 6:04am
Quoting blamshakk
nice going Mucky..can i ask what timeframe for your charts? thanks, blam {quote}
Hello blam,

it's the H4 timeframe

mucky :-)
  • #774
  • Jan 3, 2018 6:40am Jan 3, 2018 6:40am
Quoting krismitt
{quote} Just one question Mucky: I see from your settings that you have gone the "no exit" route. However, the intent was that with this option, the Stop Loss would protect and manage the risk in the event that the trade went against you. You have disabled the Stop Loss. How do you get out of a bad trade that turns negative before break-even is achieved? Cheers.
Hello Krismitt,

I noticed most of the time the EA closed an acertain trade, the market turns back into the proposed direction.
If the market does not turned back, it opens the martingale trades - and this becomes expensive.
So first I tried to set manual SL's to avoid the EA closing the trades - but this doesn't work, the EA closed the trades before SL was hit.
So the best option was to go the no exit route.
I was missing the option to close the trades only if the trade is in profit, because of a trend change - as an example.

Now I check the trades from time to time to see if any trades goes against the main trend ...

I am using 21 currencies focused on D1 and W1 - there are always trades in red and in green pips, so the overall DD is acceptable.

Using D1 and W1 means a trade can go quite against you - but this is only demo to learn and optimize the involved strategies

But I have a smal live account also - but this in the next post :-)

Mucky
  • #775
  • Jan 3, 2018 7:20am Jan 3, 2018 7:20am
Hello Krismitt,

since 01.09.2017 I am testing the EA on a smal live account - started with abaut 120 USD but added a few more USD :-)
This account is also using 21 currencies - no CHF's.
The setup is slightly different from the demo account - but still the no exit route.
I noticed that Break even and trailing is not working all the time - so I decided to use a second EA to do Break even / trailing - Steve Hopwood's "Multipurposetrademanager"

Now I will start investigateing the code an the involved strategies - maybe I can contribute to this.

Mucky
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 135 KB
Click to Enlarge Name: Screenshot2.png Size: 95 KB
  • #776
  • Jan 3, 2018 2:35pm Jan 3, 2018 2:35pm
Quoting Mucky
{quote} Hello Krismitt, I noticed most of the time the EA closed an acertain trade, the market turns back into the proposed direction. If the market does not turned back, it opens the martingale trades - and this becomes expensive. So first I tried to set manual SL's to avoid the EA closing the trades - but this doesn't work, the EA closed the trades before SL was hit. So the best option was to go the no exit route. I was missing the option to close the trades only if the trade is in profit, because of a trend change - as an example. Now I check...
Thanks for this Mucky.

Yes, have a look at the Code and see what you find.

Regards.
  • #777
  • Jan 4, 2018 12:50pm Jan 4, 2018 12:50pm
Quoting krismitt
{quote} Thanks for this Mucky. Yes, have a look at the Code and see what you find. Regards.
Happy new Year krismitt, don't give up as I think you had the basis of a really good EA, I would be happy to help in any testing, including the basket testing, I check in here to see if anything has developed but please pm me if needed.
  • #778
  • Jan 4, 2018 12:52pm Jan 4, 2018 12:52pm
Quoting Mucky
Hello Krismitt, since 01.09.2017 I am testing the EA on a smal live account - started with abaut 120 USD but added a few more USD :-) This account is also using 21 currencies - no CHF's. The setup is slightly different from the demo account - but still the no exit route. I noticed that Break even and trailing is not working all the time - so I decided to use a second EA to do Break even / trailing - Steve Hopwood's "Multipurposetrademanager" Now I will start investigateing the code an the involved strategies - maybe I can contribute to this. Mucky...
Happy new year Mucky and thanks for the info
  • #779
  • Jan 4, 2018 5:19pm Jan 4, 2018 5:19pm
Hi Mucky,

Thanks for the info. Where abouts did you get the Multipurposetrademanager from and what are the settings you use with that EA?

Cheers
  • #780
  • Jan 4, 2018 5:35pm Jan 4, 2018 5:35pm
Also i noticed that it only uses trailing stop and break even when its a long order, it wont manage the trade when it goes short.
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